Aerohive Networks Inc (NYSE:HIVE) traded up 9.2% on Friday . The company traded as high as $4.23 and last traded at $4.16. 837,035 shares traded hands during mid-day trading, an increase of 56% from the average session volume of 537,741 shares. The stock had previously closed at $3.81.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Aerohive Networks from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. Dougherty & Co lowered shares of Aerohive Networks from a “buy” rating to a “neutral” rating in a report on Wednesday, January 17th. ValuEngine upgraded shares of Aerohive Networks from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. Finally, Craig Hallum started coverage on shares of Aerohive Networks in a report on Tuesday, October 17th. They set a “buy” rating and a $6.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $6.25.

The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.95 and a current ratio of 2.19.

Aerohive Networks (NYSE:HIVE) last posted its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported ($0.06) EPS for the quarter. Aerohive Networks had a negative net margin of 14.99% and a negative return on equity of 92.83%. The firm had revenue of $37.20 million for the quarter, compared to the consensus estimate of $37.04 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. sell-side analysts predict that Aerohive Networks Inc will post -0.34 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Granahan Investment Management Inc. MA raised its holdings in Aerohive Networks by 10.4% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 1,213,714 shares of the communications equipment provider’s stock valued at $4,964,000 after buying an additional 114,355 shares during the last quarter. American Century Companies Inc. bought a new stake in Aerohive Networks during the 3rd quarter valued at $665,000. Northern Trust Corp raised its holdings in Aerohive Networks by 31.6% during the 2nd quarter. Northern Trust Corp now owns 347,712 shares of the communications equipment provider’s stock valued at $1,738,000 after buying an additional 83,395 shares during the last quarter. Yiheng Capital LLC raised its holdings in Aerohive Networks by 56.9% during the 3rd quarter. Yiheng Capital LLC now owns 1,863,083 shares of the communications equipment provider’s stock valued at $7,620,000 after buying an additional 675,814 shares during the last quarter. Finally, Sterling Capital Management LLC bought a new stake in Aerohive Networks during the 3rd quarter valued at $638,000. Institutional investors own 46.14% of the company’s stock.

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Aerohive Networks Company Profile

Aerohive Networks, Inc together with its subsidiaries, has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy and manage a mobile-centric network edge. Its portfolio of products and solutions is built around sets of technologies and solutions, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights.

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